Overcapacity Could Be Repurposed as ‘Chinese Marshall Plan,’ Expert Says

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Huang Yiping speaks Monday at the 2024 Tsinghua PBCSF Global Finance Forum in Hangzhou, Zhejiang province.

China can use its surplus industrial capacity to help developing countries achieve a green transition, at a time when exports to the U.S. and Europe are being met with resistance, said Huang Yiping, dean of the National School of Development at Peking University.

The proposal, which Huang termed “Global South green development plan,” involves supporting the green and new-energy transition in developing countries through commercial and policy tools as well as aid, he said Monday at the 2024 Tsinghua PBCSF Global Finance Forum in Hangzhou, Zhejiang province.

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China can leverage its surplus industrial capacity to aid green transition in developing countries, suggested Huang Yiping of Peking University.
This initiative, termed as a "Global South green development plan," aims to support green energy transitions similar to the Marshall Plan.
Challenges include trade tensions with the U.S. and Europe, necessitating a focus on developing markets that need new-energy products but may lack financial resources.

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